by Steve Perry | Dec 16, 2019 | Representation, Tax Planning, Tax Preparation
I recently had a casual conversation with a taxpayer about filing statuses. The simplest definition of filing statuses is contained in IRS Publication 17, which states “In general, your filing status depends on whether you are considered unmarried or...
by Steve Perry | Dec 2, 2019 | Small Business Accounting, Tax Planning
Welcome to December! Where has 2019 gone? Now is the time to start preparing for year end closing and the 2019 tax return. Here are a few steps to take now to be prepared to meet your tax professional. If you have competent accounting...
by Steve Perry | Nov 27, 2019 | Security, Tax Planning
We always need to be on the lookout for scams. We get hit by phone calls so often it is almost routine. The IRS often alerts subscribers to their newsletters of the latest scam. One scam on the rise involves gift cards. These scammers are...
by Steve Perry | Nov 18, 2019 | Small Business Accounting, Tax Planning
Many business owners choose to hire family members to help with the business. They do this for any number of reasons. This can work very well if the family members are qualified and willing. Family members generally lower cost labor. I won’t get into all the potential...
by Steve Perry | Oct 10, 2019 | Cryptocurrency, Tax Planning
Those in the cryptocurrency world have been anxiously awaiting definitive guidance regarding the taxation of virtual currency and until recently there has only been one document and it was pretty limited at best. There have been debates throughout the tax...
by Steve Perry | Sep 13, 2019 | Tax Planning
Those who make quarterly tax payments should know that a payment is due September 15. This is because of the end of the Federal fiscal year on September 30th. This is also a significant time for short-range planning. We will soon be entering the...
